The EUR/USD pair continued its downward movement, as anticipated in our previous technical report, nearing our target of 1.0700 and reaching a low of 1.0715. Technical Outlook: On the 4-hour chart, the simple moving averages (SMAs) are maintaining their downward pressure, supporting the bearish price trend. The Stochastic oscillator has …
Read More »Market Drivers; US Session, June 20
The dollar recovered strong upside traction and maintained the price action in the risk complex depressed amidst interest rate cuts speculation and soft US data releases. In addition, the BoE and the Norges Bank kept their policy rates unchanged vs. a surprising cut by the SNB.The DXY rose to four-day …
Read More »European Stocks Rise on Tech and Real Estate Gains, Swiss Market Boosted by Rate Cut
European shares experienced a positive trading session on Thursday, propelled by a surge in technology and real estate stocks. The pan-European STOXX 600 index rose 0.4% by mid-morning, with ASMI, a semiconductor equipment manufacturer, leading the charge in the tech sector after receiving an upgrade from Morgan Stanley. Switzerland’s benchmark …
Read More »Dow Jones: Bullish Momentum Continues, but Caution Advised 20/6/2024
Oil, Crude, trading
Read More »USD/CAD: Bullish Potential Amidst Positive Signals 20/6/2024
The USD/CAD pair has successfully held above the crucial 1.3690 support level, indicating a potential shift towards a bullish bias. Technical Outlook On the 4-hour chart, the Stochastic oscillator is showing positive crossover signals, suggesting a potential increase in upward momentum. Additionally, the Relative Strength Index (RSI) is attempting to …
Read More »USD/JPY: Upward Trend Persists, but Caution Advised 20/6/2024
japanese-yen
Read More »GBP/USD: Sideways Movement with Potential for Upside Break 20/6/2024
Oil, Crude, trading
Read More »WTI: Cautious Bullish Outlook Amidst Upward Momentum 20/6/2024
WTI crude oil futures prices continue their upward trajectory, approaching our previously identified target of 81.30 and reaching a high of $81.13 per barrel. Technical Outlook: While the intraday movement shows some consolidation below 81.00, the overall trend remains bullish. The Stochastic indicator on the 4-hour chart is hinting at …
Read More »EUR/USD: Bearish Bias Persists Amid Narrow Trading 20/6/2024
The EUR/USD pair experienced narrow sideways movement during the previous session, reflecting the subdued trading activity due to the U.S. market holiday. The overall bearish context remains intact. Technical Outlook: On the 4-hour chart, the 50-day simple moving average (SMA) continues to act as a significant barrier around the 1.0760 …
Read More »European Stocks Ease Despite UK Inflation Hitting Target; Nvidia Takes Crown as Most Valuable Company
European stock markets experienced a slight decline on Wednesday, even as UK inflation returned to the Bank of England’s target, with trading activity subdued due to a U.S. holiday. The DAX index in Germany dipped 0.2%, the CAC 40 in France also fell 0.2%, and the FTSE 100 in the …
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